Table of contents: VOL. 154, NO. 12 - December 11, 2006
These top CEO pals are under the gun to deliver profitable growth for the behemoth companies they lead. But P&G and GE are tough challenges, says Fortune's Geoff Colvin. (more)

They spin, leak and cajole. The politicos behind Wake Up Wal-Mart aim to make the holidays hell for the folks in Bentonville. Fortune's Barney Gimbel reports. (more)
A new Hollywood movie is raising tough questions about Africa's bloody diamond trade. Fortune's Vivienne Walt reports from the pits. (more)
After the collapse of alliance talks with GM, the globetrotting CEO is going it alone - at least for now. (more)
How Corporate America fell in love with gays and lesbians. It's a movement. (more)

New devices and ideas are remaking our world. Here are seven brilliant, practical inventions. (more)

Asia's second-fastest-growing economy is surging ahead - and taking its place on the global stage, reports Fortune's Clay Chandler (more)
business life: your money at play
Wall Street money, edgy art and party-hopping scenesters have turned Art Basel Miami Beach into a culture-driven Davos. (more)
The electronics giant puts a supercomputer filled with fun and games into your living room. (more)

John Wood, 42, Founder and CEO, Room to Read (more)
cover stories
Star chief executives A.G. Lafley and Jeffrey Immelt, in a rare New York City public appearance, talked about everything from pleasing investors and the holy grail of R&D to paying the price for Enron and other corporate wrongdoers. (more)
Wilbur Ross has made fortunes in distressed industries. Now he's placing his bets on the auto-parts business. Fortune's Alex Taylor reports. (more)
A Web startup serves that fundamental need of all successful executives: making their very own high-end wines. (more)
dispatches: reports from the front lines of business
What happens when billionaire bon vivant Richard Branson hosts a gaggle of young Internet superstars? (more)

Abbe Raven, CEO, A&E Television Networks (more)

I.D. theft in the workplace is becoming more common, but workers are still forced to trust their employers with sensitive information, says Fortune's Stephanie Mehta. (more)
The Fab Four's music catalog is the Holy Grail for Internet music stores. After years of refusing to make the move to MP3, the Beatles may give Steve Jobs' iTunes an exclusive. (more)

A whiff of scandal threatens the Treasury repurchase market. (more)

Fortune's Peter Elkind explains why the very people Enron's former CFO Andrew Fastow helped defraud helped him to a lighter sentence. (more)
Drugmakers are getting desperate for growth, and are hoping a little serendipity might bring them the next Viagra. (more)

Oaxaca City, Mexico (more)
Even in the age of video downloads, the DVD-by-mail giant is signing up customers, and its stock is soaring. But challenges lie ahead. (more)
investing: your money at work
With the market rocking this fall, many of our recommendations have paid off handsomely. (more)
media bubble
Can Web 2.0 make music stars and resuscitate record companies? Fortune's Devin Leonard reports on a new approach. (more)
Age-adjusted earnings will force the U.S. to get real about the high cost of healthcare in one easy step, says Fortune's Matt Miller. (more)
while you were out

Teen retailer's results also hurt by falling sales, gross margins. |more|